In an uncertain economy, more and more people are considering filing for bankruptcy. With rising unemployment rates, ever-increasing interest rates, and mounting debt, many people find that filing for bankruptcy is their only option. While it is possible to file on your own, it is often difficult to navigate all of the steps without help. This is where a good bankruptcy lawyer comes in.
Attorneys specializing in bankruptcy proceedings are well-versed in all of the paperwork, seminars, and legal proceedings that the law requires. Many times they can assist you in acquiring all of the paperwork the courts will require you to present. They can also assist you in deciding which type of bankruptcy is right for you, and any tax ramifications that may come out of the proceedings.
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Choosing an attorney to handle your case can be overwhelming, but it is important to choose carefully and not base your decisions only on the attorney's fees. Asking friends and family for their advice, especially if they have gone through the process themselves, can point you towards reliable attorneys. Often, bankruptcy attorneys will offer a free consultation to discuss your case. This is important because you can get an idea of what you will need to do, as well as decide if you feel comfortable with that particular attorney. You can ask questions about how long they have been in practice, how many cases they have represented, their fees, and if they believe they can help you. It is important to remember that the attorney works with and for you, not the other way around!
You should also discuss your expectations with your lawyer, ask how long the process should take, and if the attorney will be handling the case himself, since some have a practice of allowing assistants or junior attorneys to handle the case. Your attorney should tell you immediately what steps you need to take to start the proceedings, and guide you through the entire process from beginning to end. You should feel comfortable speaking with your lawyer about any questions you have that may come up in the proceedings. It is typically required that you give your attorney all of your personal information, and he can help you collect your creditor information.
Every step in the bankruptcy process can affect your financial well-being, and you should be well- informed by your attorney of the potential ramifications of every decision. Your attorney can also guide you through the process of publishing your status, and notifying your creditors to stop all actions for collection pending your case. It is also his job to assist you in meeting with your court-appointed trustee, and in dealing with any legal actions from your creditors or their attorneys.
Filing for bankruptcy does not have to be overwhelming. A bankruptcy attorney can help you through the process from beginning to end, and relieve the stresses of the process. In many cases, he can also assist you, after the proceedings have concluded, in getting your financial life back on track. With a little diligence, a great attorney can be found to help even the most difficult case.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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